New tests, tools and regulations are driving oil analysis.
According to Research Nester, the high-performance lubricants market is expected to exceed $3 billion in the next 12 years—about 50% more than the value of the current market. Much of this will be driven by the automation rate of gear- and bearing-dependent industrial equipment that cannot function without proper lubrication. Fortune Business Insights has projected similar growth.
Reliability testing facilities need to keep pace with this growth, along with the new fluids and new demands on existing fluids. Although some larger companies have in-house testing labs and others are experimenting with inline sensors, today’s reliability testing labs are dealing with an unprecedented volume of samples. In addition, the pressure on reliability labs to keep up with expanding testing requirements and capabilities is continually mounting.